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FOX Business
Dec 27, 2012 3:00pm EST
. >> as long as washington keeps santa claus hostage we'll continue to see this. "the santa clause" rally hasn't appeared because it has been over this fiscal cliff. kudos on fox business for the headline of story coming out of washington congress will meet on sunday this coming weekend that. is definitely took us off our low. we had a major rally on that. 10 handles on the s.o.p.s we watched down here. it was a painful trade there for a couple of hours. ashley: ben, very quickly up until now the market hasn't really reacted to the fiscal cliff but seems today it really sort of kicked in. did the market get it wrong up to this point? >> the fear is we may have got it wrong. market as i've been saying for a while believes in fact we will have a resolution so we will not go over the cliff. the recent commentary maybe has been there will be a patch so we'll get it done by early january. the comments by mr. reid today. the ball was thrown into his court by mr. boehner who failed with his party, the expectation was mr. reid would have something positive to say the tape sent a clear message to washi
FOX Business
Dec 27, 2012 1:00pm EST
>> a very good afternoon. 1:00 eastern. >> i am crazy burns. senators returning to washington from last attempt but the house is still out and no new negotiations are scheduled. >> consumer confidence is plunging taking the market down with it. which ended 16 points. trending back and forth. as jobless claims to drop to the lowest level. >> today we look at the un study future of the middle east. what risk lies ahead let's get to speed with the markets are we going over the cliff? consumer confidence is dismal let's go to nicole petallides at new york stock exchange. >> the market under pressure hovering around 13,000 where we're sitting right now. othello's of the day. we have recouped some of the losses but we're still down over 100 points. every single component is a red. johnson & johnson. pfizer. aluminum. and materials. jpmorgan that hit a 52 week high it is now a loser. with the vix index look at the levels the volatility index it is a showing and the indication there is nervousness with washington. what will lawmakers do with a decision? this is the highest point* of a one-
CNBC
Dec 20, 2012 6:00pm EST
as the averages denied washington's gravitational pull, the dow gaining 60 points, s&p climbing .5%, nasdaq advancing .20%, we know when the president or the speaker of the house comes on the tube these days, the market is going to get hammered. sell, sell, sell, sell, sell, sell. even if it is just temporary. >> sell, sell, sell. >> the only thing you need to know is the time they're going to come on. if you could just blast out of some aggressive growth stocks or sell some s&p future us when see them walk to the podium, you could probably coin money! i'm surprised the president doesn't start his talks by saying, look, look, america, i'm about to send the s&p 500 down a percent with what i say. ou how about the speaker? suffice it to say we all have to keep one eye on washington and hope they don't poke it out with their endless failure to rise above partisanship. when we started this campaign, i'm sure a lot of people said don't worry, i'm sure they'll do it. today was like the worst day yet. the two parties hate each other. they really do. they personally hate each other. but how about t
CNN
Dec 29, 2012 10:00am PST
, waiting for breaking news out of washington on a matter that has no business being breaking news. this was an entirely anticipated crisis, one that is completely of washington's creation, even at this late moment, washington still ready to gamble with your economic future instead of conceding some ground to conclude a deal that possibly saves it. i'm ali velshi. this is "your money," a battle of ideological wills in washington as america moves dangerously close to a fiscal cliff. >> we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in t
FOX Business
Dec 28, 2012 11:00am EST
washington should not pull out the rug from under this rebound. ship wreck, massive port strike that could happen this weekend halts commerce for the country. top of the hour, stocks now and every 15 minutes, lauren at the new york stock exchange. stocks down, but it could be worse, lauren. >> it could be worse. at one point, after 109 points, and now down 59 on the second to last trading day of the year. the nasdaq, believe it or not, is the winner today, down by just about .16%, doing the best of the three major averages. i point that out because for the month of december, the nasdaq is the only major average negative. it's interesting to know we started the year with nasdaq at 26.0 # 5, and now at 29.81, we came a long way. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will
CNBC
Dec 21, 2012 3:00pm EST
to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from the democrats. >> it was a dramatic evening last night. john harwood was there. he has the latest on the on talks. are there any talks, john? >> i think so. but they're pretty muted. this bill was not win of those weeks that makes washington look good. come to think of it, there aren't many weeks that make washington look good. but this was especially especially difficult because you had negotiations getting close
FOX Business
Dec 16, 2012 2:00am EST
washington dc. from all over the country, there were outpouring of condolences and sympathy and there were senators and congressmen who sent out statements calling for gun control. in some cases with o political decisions by many to politicize the tragedy. here are somef their names and what they said. congressman bobby rush said lawmakers can no longer be held hostage by those who are opposed to reasonable gun control laws. congressman eliot engel of new york, the fact that we cannot pass sensible gun control in this congress is a blot on her reputation. and congressmen jerry nadler saying that now is not the time to have a serious discussion about and control, if not now, when would it be? at least 20 members of congress reacting with calls to restrict constitutional rights to bear arms. all over those calls coming from members of the democratic party. here is the number who chose to talk about mental illness. the disaffection of the mentally disturbed and ill. the importance of a strong family and how better to protect our schools, the burnable and helpless children with in those classr
PBS
Dec 21, 2012 4:30pm PST
of debate. >> reporter: but washington isn't a source of optimism these days. >> if they make a deal it certainly won't be a good one, they'll say this is something we've got to get done and i don't think it's going to be using any brain power to do it. >> reporr: aeadyhere is growing talk in washington of a so-called mini-deal. >> let's hope they do. the president was serious. he was friendly in the statement he made-- >> he's going on vacation. he's going to hawaii. >> susan: yeah, but there's an urgency here, and do you think we are going to be any closer to getting a deal done? >> the president really scaled back his ambitio for the immediate time. he said, look, guys, nancy pelosi, come back, try to do the minimum, try to do the least amount of harm. and then come up with some way to say that we'll address bigger issues in the new year. >> he proposed tonight a smaller package, a smaller deal. what will this mean for the economy? what will it mean for the deficit if this small deal, mini deal is passed? >> well, that could be a big problem because basically he's left out a lot
FOX Business
Dec 28, 2012 3:00pm EST
, and count down to the closing bell starts now. we have breaking news from washington. rich edson at the white house where president obama is about to meet with key members of congress, and, rich, there's talk of a scaled down deal put forth by the president. what have you heard? >> it that is the discussion. you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fighting continues, and in some corners, a sense of pessimism. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? we'll be going over the cliff because the cl
FOX Business
Dec 18, 2012 11:00am EST
out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentially a $1.3 trillion in new revenues for only $853 billion in net spending reductions that is not balanced in my opinion. rich: there are substantial differences. the speaker is willing to allow a rate hike on those earning less than, excuse me, more than 1 million. speaker boehner wants a $1 trillion in spe
FOX Business
Dec 14, 2012 4:00pm EST
with an exclusive look at their latest cfo survey. how are cfos planning what washington can decide? liz: state across the country must decide today who will be setting of the mandatory health insurance exchange required by the health care act. the decision could have a big impact on your coverage and the prices you will pay and maybe insurance stocks. we will break down the numbers for you straight ahead. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. th's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily.. or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung fu
FOX Business
Dec 27, 2012 11:00am EST
on wall street continued to talk about washington, that remains a serious issue here. everyone knows that has not been solved yet. the truth is, there is nothing on the table. with that being said, you can see the dow and the nasdaq are down three quarters of 1%. the s&p is the worst of the bunch. bank of america and jpmorgan weighing on the dow jones industrials. i wanted to check in on toyota motors. we are watching this closely. they are doing this $1.1 billion agreement. the owners of the 16 million cars, a lot of complaints, obviously. they do not have to admit guilt. the settlement does not cover injuries and wrongful death. it does cover all of the economic concerns and crisis all these people suffered. liz: thank you so much. we will be back with you in just a few. not only the weather, u.s. jobs are heading to canada also. with its high unemployment rate, watch out california. workers are the prime target. we are live in los angeles with this very interesting story. >> you are exactly right. canada is looking to double its oil production over the next 20 years. they do not h
FOX Business
Dec 26, 2012 11:00am EST
in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
PBS
Dec 28, 2012 4:30pm PST
in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have
CNBC
Dec 28, 2012 5:00pm EST
insurance quote. usaa. we know what it means to serve. >>> still no deal out of washington. the talks apparently continue. we'll see what happens. stock market lower, but have a good weekend in the meantime. that does it for closing bell. >> indeed it does. we're watching sunday night at 6:30 p.m. when the house reconvenes. options action is starting right now. >> you're looking at a live shot of the white house where leaders just emerged from a bheeth with president obama. washington agains to be the only story on wall street. lows of the day now on a five-day losing streak. futures indicate more pain. eamon javers has the latest. >> we saw them trooping in and out. now we're starting to get some indications of what happened in the meeting. i'm told by nancy pelosi's office that she's saying senators reed and mcconnell will try to come up with something. they also said that speaker boehner said in the meeting that he won't move anything until the senate moves first. and nancy pelosi called the meeting constructive and candid. that's the first indication we have on the record from one
FOX Business
Dec 14, 2012 7:00pm EST
, connecticut. nearly all of the senators and congress have left washington dc. from all over the country, there were outpouring of condolences and sympathy and there were senators and congressmen who sent out statements calling for gun control. in some cases with no political decisions by many to politicize the tragedy. here are some of their names and what they said. congressman bobby rush said lawmakers can no longer be held hostage by those who are opposed to reasonable gun control laws. congressman eliot engel of new york, the fact that we cannot pass sensible gun control in this congress is a blot on her reputation. and congressmen jerry nadler saying that now is not the time to have a serious discussion about and control, if not now, when would it be? at least 20 members of congress reacting with calls to restrict constitutional rights to bear arms. all over those calls coming from members of the democratic party. here is the number who chose to talk about mental illness. the disaffection of the mentally disturbed and ill. the importance of a strong family and how better to protect
FOX Business
Dec 26, 2012 3:00pm EST
to the continued uncertainty of washington, no real progress on a debt deal. the house speaker stuck in a blizzard in ohio, but you know what? the dow managed to raise earlier, just up a hint now, just a touch. meanwhile, the nasdaq, the s&p500, and the russell, as you can see, down slightly on the day after christmas. retail stocks are casting a follow on the market, the s&p500, the high end end names, all in the red. we got coach, high end retailers such as tiffany moving lower, ralph lauren, urban jut fitters lower on poor data on sales this holiday season, and it's all due to the latest holiday spending figures that the stocks move lower. sales decreasing at a slow pace since the recession hit in 2008 according to the mastercard survey, the latest one. we'll pick apart the numbers later on in the show. hey, but check out crude oil, @ jumping today, up more than 2%, 3% on the day, near 91 bucks a barrel. first, there's optimism about a budget deal, perhaps in the next few days, optimism, isn't it, and supply concerns, iran is conducting naval test exercises and a strait of hormuz beginning tomo
CNBC
Dec 31, 2012 1:00pm EST
hours to go. the music says it best perhaps. washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about where this is headed. take a listen to senator tom harkin who took to the senate floor earlier today. >>
CNBC
Dec 21, 2012 5:00pm EST
tonight. president obama about to make a statement on the negotiations in washington. we're going to send it over to "opposites action" as we preview what the president's about to say. have a great weekend, everybody. i'll see you monday. >>> breaking news this hour. you're looking at a live shot of the briefing room at the white house where we're awaiting comments on the fiscal cliff from president obama. we'll bring you those comments as soon as they begin. the story on wall street today was washington. the back and forth on the fiscal cliff negotiations sending the markets sharply lower. and so, what do we make of it here, dan? friday afternoon, we're awaiting the president to be joined by senate majority leader harry reid to make a statement on these talks into the weekend. >> in some ways i would say the reaction today, the ultimate reaction ended up being a tad muted in a lot of ways when you think about it. because the overnight lows were down 3%. in the s&p. so we closed down about 1% here and so here's a situation where i think the options market kind of has this a little bit. th
PBS
Dec 24, 2012 4:30pm PST
, the nasdaq lost eight, and the s&p was off 3 points. so while wall street worked half a day, washington was on vacation. lawmakers are increasingly pessimistic about a big agreement-- or any agreement-- being reached before the year ends. darren gersh has the latest. >> reporter: 'twas the night before christmas, and all through the house, nothing much was going on. it was the same story in the senate. washington's cliff talks still remain deadlocked. congress will return on thursday, and it's still possible a few days of holiday cheer and constituent outrage may push republicans and democrats to craft a last-minute agreement to avoid the worst of the fiscal cliff. if we do go over the cliff, the i.r.s. has warned most taxpayers may not be able to file their returns until late march. that would mean long delays for many tax refunds. and economists warn the economic effects will be felt quickly if $600 billion in automatic tax increases and spending cuts begin to take effect next year. at this rate, it looks like lawmakers will celebrate new year's eve at work-- if not resolving the fisc
PBS
Dec 26, 2012 4:30pm PST
's the chief market analyst at john thomas financial. president obama is due back in washington tomorrow, cutting short his hawaiian holiday vacation. he will be meeting with congressional leaders for one last push to prevent the economy from falling over the fiscal cliff next week. no specific bill is on the schedule in the senate or the house, and house republicans haven't yet called their members back to washington. and hopes for a deal by the december 31 deadline are fading. darren gersh reports. >> reporter: the odds of avoiding the fiscal cliff did not get any better over the holiday. staff discussions continue, but there were few signs much, if anything has been accomplished. the house isn't even scheduled to return to washington yet, leaving it up to the senate to act. >> this is a senate that is incredibly divided, hopelessly partisan, requires 60 votes to do anything and somehow, we are going to be relying on them to in five days, come up with a compromise which is acceptable where a compromise wasn't acceptable in four years. >> reporter: it now looks like some kind of fall ov
CNBC
Dec 14, 2012 4:00pm EST
that there is going to be a positive conclusion in washington. the downside is not if there is not a vote to settle it. >> thank you, guys. see you later. have a good weekend. that's the first hour of the "closing bell" with the dow down 40 point. here's the second hour now with bartiromo. >>> hi, everybody. good afternoon. welcome to the "closing bell." i'm maria bartiromo. this market closing lower on this day of national tragedy. we'll have the late on the senseless school shooting in connecticut in just a moment for you, but, first, take a look at how we're finishing the day on wall street. declines on the market. once again worries about the fiscal cliff going into year end. the dow jones industrial average down about 33 points on the session at 13,137. volume really stopped in the middle of the day. we saw things slow down quite a bit on the heels of the awful shooting and fatalities in connecticut. the nasdaq and s&p 500 also under pressure today. the mood down here impacted by the awful events in connecticut with us is hank smith of haverford investments and maggie patel and rajai from barclay
CNBC
Dec 21, 2012 4:00pm EST
closing bell." the market down today. washington is not even close to reaching a deal to avoid the fiscal cliff. we had a triple digit decline today. here is how we're finishing the day on wall street. at the lows, dow was down 189 points. by the close, we came a fair amount of the way back from that sharp decline in the morning hours. volume very heavy today. that's how he saw a lot of shifting in the volume for the day. 1.2 billion shares here. nasdaq gave up that 29 points at the close and the s&p 500 down 13.25 points. five trading days left until the fiscal cliff deadline. seven days until congress is back in washington. raymond james says he's expecting the santa claus rally. jeff is with me now also dean from barclay's, peter anderson and our own rick santelli. jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're g
CNBC
Dec 28, 2012 4:00pm EST
of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at the very low, bill? >> i think so, yes. >> and the nasdaq finishing down 25 points and the s&p off by 15, a fifth straight day in the red. well, it is the last friday of 2012. it's in the books. check. still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the mar
WETA
Dec 31, 2012 6:30pm EST
pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren
FOX Business
Dec 21, 2012 11:00am EST
are always relatively optimistic about the economy, but even after last night and what we in washington? >> sure. you know, yes, the fiscal cliff is coming. we have known him for a long time. the dow is still over 13,000. it is not just because the market thinks we have the great deal ever. tax rates will go up. we will have deficits, as far as the eye can see. by the way, we had pretty darn good news on personal income and spending and durable goods today. the economy is hanging in there, as well. connell: i thought it would be interesting to watch the close, because to me, maybe a deal is more likely after last night because the speaker, if anything, lost his leverage. how do you view that part of it? >> in the end, there is really an infinite number of outcomes. we believeethere is really just about 25% chance that we just go over the cliff unimpeded. the sequestration happens and all of the tax hikes. some kind of deal will probably get done. if the house were to pass that bill, it could go into law. it would keep dividend and tax rates from going higher. they just cannot reach a de
CNBC
Dec 13, 2012 3:00pm EST
advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we can avoid the fiscal cliff, but right now i don't have a lot of confidence. we're still seeing a lot of f
CNBC
Dec 28, 2012 3:00pm EST
there in washington as we wait for the white puff of smoke to come out of the white house, eamon. >> reporter: kind of what feels like here, bill. a lot of energy at the white house, a lot of curiosity surrounding this meeting. what you can't see from here and what i can't show you, unfortunately, is just about 50 yards from here is where you saw speaker boehner walking into the building, and we've got a whole cadre of white house still press photographers up on ladders peering over the hedge trying to get a picture of the leaders as they walk in and just to the left of that crowd is another crowd of reporters all gathered around the stakeout cameras. that's where the leaders could come out and talk to microphones if they wanted to say anything after this meeting. there's a lot of anticipation of whether they will say anything after this meeting, and it's widely seen that this would be a good sign for negotiations if they do come out and talk. a lot of previous white house meetings, they have not come out to say anything afterwards, so all those folks waiting over there might be waiting in vain her
FOX Business
Dec 31, 2012 11:00am EST
in the coming hour. a surprise in your check at the end of the week. the mess in washington leaves employers wondering how much they should with hold from your paycheck. the world, stuart was just showing you pictures of shanghai, the world already starting the celebration. the dawn of 2013. happy new year, everybody. there is a live look at shanghai, china. top of the hour. time now for stocks. >> good morning. searching for direction. not a big surprise for new year's eve. we have seen the dow down slightly. the nasdaq is up about 15. we are watching pfizer and bristol-myers squibb they just approved a stroke preventing tail. the market for this drug could be huge. 8 million worldwide have this disorder. a huge market here for the drug. it is facing some stiff competition. we are taking a look at the markets right now. bristol-myers is up slightly at the moment. dagen: thank you, diane. we will see you shortly. we are a little over 12 hours away from 2013. pc is then scramble mode. richmattson has this story. rich: significant progress in the last few hours. we have the leaders on capitol
FOX Business
Dec 31, 2012 1:00pm EST
to speak. if washington get together, it will be nice to see. shibani and ashley, this is the most unproductive congress sent 1947. ashley: that is not easy to do. shibani: there is a lot going on this year. i am shibani joshi. ashley: and i and ashley webster. fiscal cliff talks are stalling. tax hikes and spending cuts. president obama said to speak in about 30 minutes from now. shibani: stocks are holding their ground. waiting for some sort of news out of washington. the dow sitting at session highs. at least we are closing. ashley: it changes with every headline. the world ringing in the new year. new zealand, australia, japan, china, we will get a sneak preview of celebrations being planned as times square gets prepared for 1 million visitors. it is a complete nightmare. [ laughter ] ashley: time now for stocks now as we do every 15 minutes. we are up 51 points. not too bad on this last trading day of the year. >> that is right. the dow has been pretty flat. going back and forth between the red and green. the nasdaq is up 30. same goes for the s&p stock of about nine points. w
FOX Business
Dec 26, 2012 1:00pm EST
just need to feel better. cheryl: do something. come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some m
PBS
Dec 7, 2012 4:30pm PST
, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics
PBS
Dec 19, 2012 4:30pm PST
will vote on the republican plan b tomorrow. veterans of washington's budget battles wouldn't be surpriseto see a plan c or d before a final resolution is hammered out. darren gersh, "n.b.r.," washington. >> susie: the threat of the fiscal cliff was a big topic at an investor conference in new york today hosted by johnson controls. this wisconsin-based industrial conglomerate is a leading provider of products to make buildings energy efficient, and it's also the world's largest maker of car batteries and automotive seats. c.e.o. stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the auto industry. my biggest concern is how it will affect the psychology of the consumer. i've been surprised, susie, that people continue to buy automobiles. but my fear is that could change dramatically. >> susie: steve, to what extent are the ups and downs impacting your business day to day. >> i think people are holding back on making
PBS
Dec 20, 2012 4:30pm PST
higher, despite the nasty tone of the fiscal cliff negotiations in washington. after trading near breakeven for most of the day, the dow moved up in the last hour of trading to close up nearly 60 points. the nasdaq added six, the s&p up almost eight points. >> susie: on capitol hill tonight, lawmakers in the house of representatives are getting ready to vote on a fiscal cliff bill. house speaker john boehner calls it "plan b" and it is expected to be a close vote. the bill proposes to extend tax breaks for everyone making less than $1 million. the move comes as talks to avert the fiscal cliff hit an impasse. darren gersh reports. >> reporter: as washington looks over the edge of the fiscal cliff, democrats and republicans were throwing elbows and getting personal. speaker boehner explained why he pushed the house to vote on a republican plan "b" tonight. >> i did my part, theydid thing. and frankly, i'm convinced that the president is unwilling to stand up to his own party on the big issues that face our country. time is running short. the house will act today, and then it will be
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